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Financial Reports

2017

Lifeline of your business by month


May 2017


April 2017


March 2017


February 2017


January 2017


Financial Reports

2016

Lifeline of your business by month

From this chart we can see that your business moves in waves. Your Income and Expenses seem to be on opposite waves; when income is high, expenses are lower and vice versa. I think this has to do with both increased expenses to push higher income months and bank balance accounting, where you spend more when your bank balance is higher. 

We can also see that your profit swings both dramatically below and above $0. You create profit and then it gets eaten up in your next 'wave.' 

Our suggestions:

  • examine every expense to ensure it is necessary, both recurring expenses and those incurred during launches
  • instead of focusing on sales and expenses, try to focus on sales and profit
  • ensure that your prices have an appropriate profit margin to cover costs, paying yourself, paying taxes, and then having profit above and beyond that

For Quarterly Estimated Income Taxes


December


November


October


September


August


July


June


May


April


March


February


January